Saurabh Kumar

Articles By Saurabh Kumar

338 Articles

ONGC set to reverse falling trend in drilling exploratory wells in 2017

Reversing a fall in the number of exploratory wells being drilled, state-run ONGC expects an increment in the number this financial year compared with last year.

Economy News

Dedicated Freight Corridors: End is nigh for freight woes

After a prolonged delay due to issues ranging from environmental clearances to land acquisition, work on the Dedicated Freight Corridor projects is on an even keel, with the first stretch of the Western DFC likely to be opera

Economy News

Oil giant in the making: ONGC may ink one of the biggest PSU M&As in 2017-18 to buy HPCL

Among various permutations and combinations being weighed, sources said ONGC could buy out the government’s 51.11% holding in HPCL by paying partly in cash and partly by allocating additional shares in the oil explorer.

Economy News

Demonetisation: In crackdown, Income Tax dept finds petrol pump owners laundering money

The findings were part of the survey conducted by the I-T department, leading to a conclusion that some of the fuel pump operators may have indulged in widespread involvement in manipulated conversion of unaccounted cash held

Economy News

Narendra Modi govt’s target of 20% gas energy mix by 2025 set to hit high-cost hurdle

The NDA government expects the share of natural gas in the energy mix of India to be 20% by 2025 compared with 11% in 2010, as stated by the Petroleum and Natural Gas Regulatory Board (PNGRB) in its Vision 2030 document.

Economy News

ONGC fields to be pushed into more production enhancement contracts

Following the sustained and steady fall in production from both onshore and offshore fields of oil major ONGC since 2006-07, the Directorate General of Hydrocarbons (DGH) plans to push the company into more production enhance

Economy News

India’s quest for energy security threatened by falling investments

Oil minister Dharmendra Pradhan’s visit to the US to showcase and drum up investment opportunities in India could not have come at a more opportune time.

Economy News

Demonetisation and credit, debit cards payments: Relief for oil companies, MDR charge cost to be borne by Centre

The cost of merchant discount rate (MDR), borne by oil marketing companies at the instance of the Reserve Bank of India (RBI) since the note ban, may be shifted to the government, with retrospective effect.

India News

Ujjwala Plus: Oil marketing companies to float NGO for donations

India’s oil marketing companies (OMCs) — Indian Oil, Bharat Petroleum and Hindustan Petroleum — are in the process of floating a not-for-profit organisation.

India’s oil marketing companies, OMCs, Indian Oil, Bharat Petroleum, Hindustan Petroleum, liquefied petroleum gas, LPG Connections, Pradhan Mantri Ujjwala Yojana, PMUY, Ujjwala Plus scheme, petroleum ministry News

After 400 A1-, A-class stations, Indian Railways to redevelop 212 C-class suburban stations too

Indian Railways has also selected 212 C-class suburban stations to be redeveloped and has roped in consultancy firm EY for transaction advice.

Indian Railways, A-class railway stations, EY, Shapoorji Pallonji, Larsen and Toubro, ANS Constructions, Design Plus and Tata Realty, Pir Panjal Construction, KC Industries, Ambuja News

Indian Railways to redevelop 212 C-class suburban stations

Indian Railways has also selected 212 C-class suburban stations to be redeveloped and has roped in consultancy firm EY for transaction advice.

Indian Railways, railway stations, railways initiatives, EY, C-class suburban stations, Faridabad station, Tata Realty, KC Industries News

Good news on economy: Indian Railways freight offloading shows ‘healthy growth’ after 2-year gap

Indian Railways’ freight loading has seen a dramatic increase since late January, recovering from a trough of almost consistent negative year-on-year growth.

Indian Railways, freight loading, demonetisation, railway official, Railways Growth Rate, Suresh Prabhu, Indian Government, BJP, Narendra Modi News

ONGC gets gas price guarantee from Gujarat, set to pave way for conclusion of GSPC deal

ONGC has been given an assurance by the Gujarat government that the national explorer will get at least $6/mmBtu for the gas from the Deen Dayal-West (DDW) block in the Krishna Godawari basin in the first year of production.

Industry News

Bacteria that turns oil into compost; all you want to know

Even before Dr SSV Ramakumar could submit the joining report as the director (research and development) for Indian Oil Corp (IOC), he received a call from the petroleum ministry, and was handed a herculean task.

Lifestyle News
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